How is the crypto market behaving post-Thanksgiving? Explore the latest market updates on Nov. 28.
The Monad (MON) token fell 13.48% to $0.03696 in 24 hours, erasing the gains it posted after launching earlier this week.
Order-book imbalances and a falling cumulative volume delta point to early holders selling and new short positions pressuring the price.
The decline comes in the wake of a network spoofing incident. All this happened despite the chain reporting strong activity with 150,000 users, 4.7 million transactions, and a sharp rise in stablecoin flows.